Monday, June 27, 2022
Home Crypto News Market Bitcoin Cash Scores A Big One As The Bitcoin Of America Adds...

Bitcoin Cash Scores A Big One As The Bitcoin Of America Adds BCH To Crypto ATMs

- Advertisement -
Follow-Us-On-Google-News

 

Bitcoin Cash (BCH) will now be available for purchase at crypto ATMs controlled by the Bitcoin of America.



Utility cryptos are gaining traction in the market every day. Various business outlets and organizations, including institutions, are now accepting them for payments. The latest coin to attract attention is Bitcoin Cash (BCH).

BCH is a Bitcoin hard fork that came into existence back in 2015. It later underwent its own hard fork, breaking the chain in two – the current BCH, and Craig Wright’s BSV. However, BCH seems to be gaining much more popularity than BSV.

Now, Bitcoin of America has decided to include Bitcoin Cash among the popular cryptos offered for sale via crypto ATMs. Bitcoin of America is an organization that acts as an exchange point for select virtual currencies. The company operates around 2,500 such ATMs spread across 31 states in the US.

Not The First Coin

Apparently, Bitcoin Cash isn’t the first crypto coin to be spotted and added to ATMs by the Bitcoin of America. Others that have come before BCH include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), and Dogecoin (DOGE).

To expand its business, Bitcoin of America offers interested store owners a chance to earn passive income by installing a crypto ATM at their location. Besides the passive income, the store benefits from the increased traffic and attention driven by the presence of ATMs.

It’s Good For BCH

The addition of BCH to ATMs is good for the coin, both in the short term and long term. First off, Bitcoin of America is known to only add cryptos that have proven useful to the community and have traction in terms of popularity and acceptance. Adding BCH proves that the coin has succeeded in these parameters. As a matter of fact, BCH is already being accepted as payment in various public places, including airports and restaurants across the world.

As can be noted from market stats, cryptos that have been added to ATMs tend to gain even more popularity. A case in point is the addition of Dogecoin and Shiba Inu. The two coins are now the top meme coins in the industry, and their teams are working on increasing their utility to be like BTC and ETH. Now, BCH is on this path as well. However, it’s not immediately clear whether this development will affect the crypto’s price, especially during this downturn. As of now, BCH is worth around $116.

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Crypto Winter Survival Guide: Frax (FRAX), PAX Gold (PAXG), And RoboApe (RBA)

How long will crypto winter last? That is the question on the lips of every crypto participant right now. Many newbies are scared at...

The Exciting Evolution Of Blockchain Gaming With Xchange Monster (MXCH) & Decentraland (MANA)

The words decentralized finance and game, these two industries have been combined together and from this combination the GameFi sector was birthed. For many...

TRON Price On The Up As Risk Of USDD Depegging Falters

  Tron Price is showing that the USDD depegging pressure is releasing. window.coinzilla_display = window.coinzilla_display || ; ...

Bitcoin Only Line Of Defense Is Holding But How Far? As Number Of BTC Exchange Inflows Increase

  Bitcoin does not have sufficient support below 20,000 dollars. window.coinzilla_display = window.coinzilla_display || ; ...

Baby Doge Coin Team to Burn 50 Quadrillion BabyDoge At Once

Baby DogeCoin Team to Burn 50 Quadrillion Coins Tomorrow After Community’s Approval.  window.coinzilla_display = window.coinzilla_display || ; ...

SEC Chairman Piles Pressure on Altcoins, Says ‘Bitcoin Is the Only One I Am Willing To Say Commodity’ 

For SEC Chairman Bitcoin is the only crypto that is a commodity. window.coinzilla_display = window.coinzilla_display || ; ...

Shiba Inu Soars Above 40% In Seven Days As Unification Brings Shibarium Launch Closer

SHIB has put smiles on investors' faces after its massive rally in the past seven days.  window.coinzilla_display...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.